This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
Types
of Loans
Fixed Rate
30 or 15 year loans. Choose the loan that fits your
goals. Fixed rates are fixed for the length of the loan
and paid off at the end of the term.15 year fixed rate
can save you money, but if you are interested in lower
payments the 30 year fixed gives you a longer time to
complete the loan because of this the payments are lower.
Interest Only
3-5-10 year loans. If you are looking for the lowest
payments interest only can give you a lower payment.
These loans offer the borrower the opportunity to pay
on the principal without penalty.
Adjustable Rate Mortgage - ARM
The index is usually Libor or T Bills. The 3/1, 5/1
or 10/1 are loans that can be used for home purchase
or refinance. The loan to value range can be as high
as 100% with excellent credit. Rates can vary according
to cost and credit scores.
Home Equity Loans
Use them to help purchase a home and avoid mortgage
insurance. Use them to pull out money from your home
to pay off debts or go on vacation. Whatever the need
is home equity loans can help you meet your needs.
Fill Out Our Loan Application
Download 1003 Registered Loan Application
Download The Federal Equal Credit
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The American Dream is to have
your own home!! My goal is to help you realize those dreams!
The largest and most important investment you make in life
is the purchase of your home. We are committed to making sure
that you are a valued client for life. If you are purchasing
or refinancing your home, we are here to assist you with your
individual needs.
Kirk believes that every person that wants a loan deserves
personal attention that's why we are pleased when you e-mail
us requesting help. A loan representative will call or e-mail
you to discuss your private home loan needs. We specialize
in many types of loans from multiple lending sources.
Financial Freedom
• Loans and Mortgages All financial decisions regarding
your home are important.
• Loans and Mortgages Hence, everything we do together
will be treated professionally.
• Loans and Mortgages We intend to service your
total real estate needs repeatedly.
• Loans and Mortgages All your personal information
will be treated confidentially.
• Loans and Mortgages Your satisfaction is very
important to us.
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